Biorefinery market is anticipated to grow at a CAGR of 29.4% during the forecast period (2024-2031). Biorefinery is a framework in which biomass is utilized in an optimal manner to produce multiple products and tries to be self-sustaining and not harmful to the environment.
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Globally, there is a trend of achieving net zero goals. The biorefinery is considered a financial tool to reduce carbon emissions by storing carbons for future and later use. Thus, several industries are heavily investing in the biorefinery industry which will support them to achieve net-zero emissions in coming years. For instance, in May 2022, the Panama government and energy companies, including SGP BioEnergy, plan to develop a major, advanced biorefinery to increase the supply of lower-carbon aviation fuel.
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- Market Coverage
- Market number available for – 2024-2030
- Base year- 2023
- Forecast period- 2024-2030
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
Market Segmentation
Global Biorefinery Market by Type
- First Generation
- Second Generation
- Third Generation
Global Biorefinery Market by Product
- Energy Driven
- Material Driven
Global Biorefinery Market by Technology
- Industrial Biotechnology
- Physico-Chemical
- Thermochemical
Company Profiles
- Abengoa, S.A.
- Afyren SAS
- Borregaard
- Chempolis Ltd.
- Clariant AG
- Godavari Biorefineries Ltd. (The Godavari Sugar Mills Ltd.)
- Green Plains Inc.
- Neste Oyj
- Red River Biorefinery
- Renewable Energy Group
- Sekab
- SGP BioEnergy Holdings, LLC
- Veolia Environnement SA
- Vivergo Fuels
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global biorefinery market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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